Innovative Partners for the Digital Insurance Industry
The Need for IT Assessment
The pressure to reduce costs, grow revenue and increase agility and innovation can overwhelm any organization.
MVP encourages insurers to start with a rigorous IT assessment before taking a step down a daunting path.
What should the assessment include?
An understanding your IT department's strengths and weaknesses
Establishing priorities for and ownership of essential IT processes
Creating a roadmap for improving key processes
Ensuring that process owners are included in a training and development plan
The Value of an MVP IT Assessment
MVP delivers diagnostic benchmarks to assess IT performance & alignment with business goals.
MVP's IT Assessment provides a basis for annually evaluating IT progress toward those business goals.
The assessment identifies cost take-outs & other efficiencies to fund new revenue-generating capabilities.
MVP provides a roadmap for updating IT priorities & effectiveness.
Use Results to Develop Your IT Strategy
Objectively measuring & reporting on IT performance enables senior management to:
Show the demand for IT services
Re-examine the prioritization of the IT budget
Better understand business needs
Build a multi-year IT strategy
A good strategy yields good management.
Ensuring the Timely Arrival of IT at Your Business Destination
On complex projects, it is easy to go off track.
IT leaders should rely on best practices before, during, and after a project. Following the delivery of an MVP IT Assessment, insurers commonly find that they can:
Complete projects better, faster, and more cost-effectively using best practices and practical tools
Save critical dollars with better vendor management and project selection
Improve IT decisions using data-driven gated investment criteria